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News Cementos Argos’ earnings rise in 2023

Cementos Argos’ earnings rise in 2023

Written by Global Cement staff 22 February 2024
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Colombia: Cementos Argos recorded a 30% year-on-year rise in its earnings before interest, taxation, depreciation and amortisation (EBITDA) to US$620m in 2023. This came despite a 3% drop in the producer’s cement sales, to 15.7Mt. Its profit rose by 83% to US$74m. The producer attributed the growth to favourable price dynamics, cost efficiencies and productivity improvements.

Cementos Argos had an installed cement capacity of 24Mt/yr at the end of 2023.

Last modified on 28 February 2024
Published in Global Cement News
Tagged under
  • Colombia
  • Grupo Argos
  • Cementos Argos
  • Results
  • GCW648
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